Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** NZX 50** 26.60 6,994.80 29.30 11,725.62
DJIA** NIKKEI**
21,861.98 -384.62 27,333.79 323.19
Nasdaq** -86.76 FTSE**
11, 7,335.4 -74.63
630.513
S&P 500** -43.64 Hang Seng**
3,916.64 19,518.59 314.68
SPI 200 Fut STI**
6,921 -98.00 3,183.28 27.74
SSEC** KOSPI**
3,250.546 23.65 2,395.69 17.78
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Bonds Net Chng Bonds Net Chng
JP 10 YR Bond KR 10 YR Bond
0.296 0.016 3.405 -0.002
AU 10 YR Bond US 10 YR Bond
3.379 -0.028 3.4379 0
NZ 10 YR Bond US 30 YR Bond
4.333 -0.075 3.6274 0
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Currencies Net Chng Net Chng
SGD US$ KRW US$
1.3395 -0.0009 1,308.37 7.52
AUD US$ NZD US$
0.671 0.0011 0.627 0.0012
EUR US$ Yen US$
1.0688 0.0022 131.79 0
THB US$ PHP US$
34.11 -0.32 54.68 -0.02
IDR US$ INR US$
15,340 -35 82.52 -0.1
MYR US$ TWD US$
4.483 -0.017 30.554 -0.077
CNY US$ HKD US$
6.8883 -0.0115 7.8489 -0.0002
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Commodities Net Chng Net Chng
Spot Gold Silver (Lon)
1,987.9301 68.814 22.59 0.88
U.S. Gold Fut Brent Crude
1,973.50 54.19 72.97 -1.73
Iron Ore CNY915 TRJCRB Index
13 - -
TOCOM Rubber JPY209.1 LME Copper
0.6 8,584.50 41.5
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** indicates closing price
All prices as of 20:22 GMT
EQUITIES GLOBAL - Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure while gold prices were poised for their largest one-week rally since March 2020. The MSCI world equity index , which tracks shares in 49 nations, fell 0.55%. For a full report, click on - - - -
NEW YORK - Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession. The Dow Jones Industrial Average fell 384.57 points, or 1.19%, to 31,861.98, the S&P 500 lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite dropped 86.76 points, or 0.74%, to 11,630.51. For a full report, click on - - - -
LONDON - European shares erased their early gains on Friday and logged their steepest weekly drop in five months as supportive measures from regulators across the United States and Europe failed to allay fears over a brewing global banking crisis. The pan-European STOXX 600 closed the day 1.3% lower, dragged by bank , insurance and financial services stocks . For a full report, click on - - - -
TOKYO - Japan's Nikkei share average ended higher on Friday, led by banking and electronics stocks, as easing worries over crisis at U.S. private lender Silicon Valley Bank and Swiss bank Credit Suisse Group propped sentiment. The Nikkei closed 1.2% higher at 27,333.79, while the broader Topix ended up 1.15% at 1,959.42. For a full report, click on - - - -
SHANGHAI - China stocks jumped on Friday, tracking gains in global markets after U.S. banks moved to rescue embattled First Republic Bank, while investors also cheered signs of an economic recovery in China. China's blue-chip CSI300 Index closed up 0.5%, while the Shanghai Composite Index jumped 0.7%. For a full report, click on - - - -
AUSTRALIA - Australian shares were set to fall at open on Monday, in line with global markets as liquidity concerns in the banking sector sour risk appetite, while local tech stocks might drop on Wall Street's weaker close last week.
The local share price index futures fell 1.4%, a 73.8 point discount to the underlying S&P/ASX 200 index close. The benchmark finished 0.4% higher on Friday. For a full report, click on - - - -
SEOUL - South Korean shares rose on Friday as rescue measures helped ease investor worries about global banking turmoil, ending the turbulent week with a marginal gain. The benchmark KOSPI closed up 17.78 points, or 0.75%, at 2,395.69. It ended the week 0.05% higher, rebounding from a more-than-two-month low hit earlier the week. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar fell on Friday as further declines in the shares of Credit Suisse and First Republic Bank rattled markets fearful of contagion and increased concerns that a recession lies ahead because of the impact of tighter monetary policy. The dollar index , a measure of the dollar against six other currencies, slid 0.604% as traders waited for the Fed's two-day policy meeting that is expected to end with a one-quarter percentage point hike in interest rates on March 22. For a full report, click on - - - -
CHINA - The yuan firmed against a broadly weaker U.S. dollar on Friday, as new homes prices data released a day earlier provided another sign that China's economy is gathering strength. The spot yuan opened at 6.8860 per dollar and was changing hands at 6.8752 at midday, 246 pips stronger than the previous late session close and 0.43% stronger than the midpoint. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars were taking stock on Friday after a week of banking turmoil saw bonds make huge gains as markets drastically scaled back expectations for further hikes in interest rates. The Aussie was holding at $0.6662 , having bounced 1.2% for the week so far and away from the recent four-month low of $0.6565.
For a full report, click on - - - -
SEOUL - The Korean won strengthened and posted the best week in two months, while the benchmark bond yield rose. The won ended onshore trade at 1,302.2 per dollar, 0.83% higher than its previous close at 1,313.0. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. Treasury yields stumbled on Friday, as investor worries about liquidity shortage in the banking system persisted despite financial rescues for beleaguered lenders Credit Suisse and First Republic Bank . In afternoon trading, the yield on 10-year Treasury notes was down 16.8 bps at 3.416%. For a full report, click on - - - -
LONDON - Euro zone government bond yields fell on Friday in a sign of investor nerves about the health of the global banking system. Germany's 10-year government bond yield was down 15 basis points (bps) to 2.092% late in the European trading session, its lowest since the start of February. For a full report, click on - - - -
TOKYO - Japanese government bond yields edged higher on Friday, after financial support for Credit Suisse and First Republic Bank allayed some fears of a global banking crisis that has rattled the financial markets through the week. Benchmark 10-year JGB futures fell 0.41 yen to 148.03. The 10-year JGB yield rose 1.5 basis points (bps) to 0.300%.
For a full report, click on COMMODITIES
GOLD Gold prices surged more than 2% on Friday as a wave of banking crises shook global markets and put bullion on track for its biggest weekly rise in three years, while bets solidified for a less aggressive Federal Reserve in its fight against inflation. Spot gold climbed 2.8% to $1,971.95 per ounce by 1:47 p.m. ET (1747 GMT), highest since April 2022. Bullion has added about 5.6% this week, the most since March 2020. U.S. gold futures gained 2.6% to settle at $1,973.50. For a full report, click on - - - -
IRON ORE
China's state planner said on Friday it will look at measures to curb "unreasonable" iron ore prices, the latest in a series of warnings to the market to try to cool surging prices. The most-traded May iron ore futures contract on China's Dalian Commodity Exchange ended Friday trade before the notice was issued at 915 yuan($132.77) a tonne, up 0.4%.
For a full report, click on - - - -
BASE METALS
Copper prices rose on Friday, but not enough to offset losses earlier in the week as turmoil in the banking sector raised the threat of bank failures and slower economic growth. Benchmark copper on the London Metal Exchange (LME) was up 0.8% at $8,584.50 a tonne at 1700 GMT, but down more than 3% over the week. For a full report, click on - - - -
OIL
Oil prices settled lower Friday, reversing early gains of more than $1 a barrel as banking sector fears caused both benchmarks to reach their biggest weekly declines in months. Brent crude futures settled down by $1.73, or 2.3%, to $72.97 a barrel. U.S. West Texas Intermediate crude fell $1.61, or 2.4%, at $66.74. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures fell for two consecutive weeks on Friday to the lowest in six weeks, tracking weakness in soyoils, although strong export data limited losses. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 0.31% to 3,921 ringgit ($874.64) a tonne. For a full report, click on - - - -
RUBBER
Japanese rubber futures recovered on Friday but extended weekly losses, as traders remained cautious amid a turbulent week of global monetary tightening and concerns over a banking crisis. Osaka Exchange's rubber contract for August delivery , finished 0.6 yen, or 0.3%, higher at 208.5 yen ($1.57) per kg. For a full report, click on - - - - (Bengaluru Bureau; +91 80 6749 1130)
